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Stark contrast in responding to questions - Greenspan vs Ber
 
Stark contrast in responding to questions - Greenspan vs Bernanke 
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Questrion: Is an inverted yield curve a predictor of a future recession? 
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Greenspan response: “History suggests that is usually or has been a forward indicator for softening economic activity … I suspect, however, that we have changed the structure of the flow of funds and the relationships among the various interest-rate tranches by maturity such that I’m not sure what such a configuration … would mean.” 
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A year later 
Bernanke response: “The inverted yield curve is not signaling a slowdown.” 
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